Top Indian Metal & Energy Industry News & Updates - 30 May 2023,Tuesday
Govt. Policy / Industry
📝 CM bats for handing over Shanan Project to HP with Power Minister
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Iron & Steel
📝 Debt-to-earnings ratio of steel producers to remain below 2 times in FY24: Crisil Ratings
📝 Kanishk Steel reports Q4 net loss of ₹1.37 crore
📝 Local steel prices may fall further on China exports
📝 NMDC Steel commissioning pushed back to June-end
📝 Street cheers SAIL's capex plans, guidance
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Gold / Silver & Bullion
📝 Hyderabad: Shiv Narayan Jewellers Earns 8 Guinness World Records Titles
📝 Gold falls Rs 110; silver jumps Rs 290
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Oil & Gas / OMCs
📝 ONGC’s revenue to be stable in FY24, EBITDA to improve
📝 ONGC Videsh not in a hurry to repatriate dividend from Russia project
📝 ONGC to invest Rs 1 trillion to become net zero by 2038
📝 BPCL teams up with BARC to scale up alkaline electrolyzer tech for green hydrogen production
📝 ONGC puts a date to start of KG gas, seeks USD 12 price
📝 Oil rises after US leaders strike provisional debt deal
📝 Electric vehicles use 11 different fluids, says Debanjali Sengupta of Shell Lubricants
📝 BPCL develops ethanol-diesel blend to reduce emissions
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Coal / Mining
📝 India eyes complete self-sufficiency in thermal coal production by 2026: Minister
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Power
📝 Torrent Power Q4 net at ₹488 crore
📝 PFC Q4 net profit rises 42 per cent to Rs 6,128.63 crore; FY23 profit at Rs 21,179 crore
📝 NHPC posts net profit of Rs 569 cr in Q4
📝 BHEL posts 10% rise in revenue & PAT of `448 cr
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Renewable Energy
📝 Solar capacity installations fall 48 per cent to 1.9 GW in January-March 2023: Mercom India
📝 No interstate transmission fee for offshore wind, green H2 projects
📝 AP bets on renewable energy to meet goals
📝 L&T sets up green energy council
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International
📝 Saudi diesel imports from Russia, exports to Singapore hit records
📝 How copper prices are getting affected by complex interplay of supply and demand
📝 Leo Lithium signs deal with Ganfeng Lithium to raise USD 72 mn
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Economy
📝 FDI equity inflows dip 22 pc to USD 46 bn in 2022-23
📝 Stock markets rally for third day amid firm U.S. equities, foreign fund inflows
📝 Rupee falls 4 paise to close at 82.64 against U.S. dollar
📝 Centre monitoring inflation at ground level, says Finance Minister Nirmala Sitharaman
📝 Sensex jumps 442 points in morning trade, tracking strong global cues
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